The state of the international trade industry

Since 2017, thanks to The advantages of China's super-large market and the increasing competitiveness of enterprises, the scale of China's foreign trade has increased year by year. In 2020, despite the severe and complex international situation and the severe impact of COVID-19, China's import and export of foreign trade was significantly better than expected, and the scale of foreign trade reached a record high again. China has become the only major economy in the world to achieve positive growth in trade in goods, which shows the strong comprehensive competitiveness of China's foreign trade market.

 

From the perspective of the main body of China's foreign trade enterprises, private enterprises are the largest foreign trade status. Statistics show that China had 531,000 import and export enterprises that increased 6.2 percent. Of this, imports and exports by private enterprises reached 14.98 trillion yuan, up 11.1% and accounting for 46.6% of China's total foreign trade The scale of China's foreign trade has increased year by year, .

 

The import and export of foreign-invested enterprises reached 12.44 trillion yuan, accounting for 38.7%. Imports and exports of state-owned enterprises reached 4.61 trillion yuan, accounting for 14.3 percent.

International trade data

Looking into the future, China's foreign trade market still has a large space for development. On the one hand, the establishment of the WORLD's largest free trade area (RCEP) has injected new impetus into China's foreign trade. On the other hand, against the backdrop of the overall recovery of the global economy and the rapid rebound of the epidemic, the advantages of China's supply chain priority recovery will continue to be reflected.

 

In this regard, a relevant person said that it is expected that with the acceleration of the construction of a new development pattern with domestic circulation as the main body and domestic and international circulation promoting each other, the continuous promotion of high-level opening to the outside world, and the formation of new international cooperation and competitive advantages, China's foreign trade import and export scale is expected to keep growing.

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